Viacom's Redstone balks at Facebook's $1bn price tag

by Staff, Brand Republic 05-Oct-06, 12:20

NEW YORK - Sumner Redstone, chairman of MTV-owner Viacom, has said the company will not be buying social networking site Facebook because it is too expensive.

Redstone: balked at Facebook price tag

Redstone: balked at Facebook price tag

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